NEW YORK CITY-Boasting more than 1 billion users worldwide and $60 billion of market value, Facebook is considering taking 160,000 additional square feet of office space in Manhattan, reports Crain's New York Business. Currently based in California's Menlo Park, Facebook is said to be negotiating to lease the entire seventh and eighth floors at 770 Broadway, a home to media companies past and present, including Nielsen and AOL/the Huffington Post.
The 15-story office building, which occupies the full block between East Eighth and East Ninth streets, is owned by Vornado Realty Trust, a REIT.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
